few swing moves in ETH price above $250 against the US Dollar. The price faced heavy offers and declined on the a few occasions from $305 and $310. However, one positive sign is the fact that the price remains in the bullish zone above $250 and the 100 simple moving average (H4). At the moment, there is a crucial ascending channel forming with support at $282 on the 4-hours chart of ETH/USD.

The channel support is also near the 100 simple moving average (H4) at $282.00. Therefore, the $282 level is very important. A break below the channel support at $282-280 and the 100 SMA might push the pair further lower. More importantly, the channel support is

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ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824